EUR/USD: a Broken Trendline Meets the Fed's Biggest Test Yet

EUR/USD sits near 1.1610, just off a one-month low, as tomorrow's Fed decision looms as the week's true catalyst. The ECB delivered its second hike of the year on September 10, lifting the deposit rate to 2.50% and warning that Middle East-driven inflation pressures will keep price growth well above target for an extended period.